Taxes June 12, 2025
The reconciliation bill passed by the House would most benefit high earners and reduce financial resources available to the lowest-income households, the Congressional Budget Office said on June 12.
Taxes June 11, 2025
The need for fixes risked derailing the reconciliation package containing most of President Donald Trump’s agenda, from tax cuts and border security to spending cuts and a major increase in the nation’s borrowing limit.
Taxes June 11, 2025
The Republican-led House of Representatives was poised Wednesday to tweak some provisions in the sprawling budget bill that ran afoul of the complicated rules allowing the GOP to pass the bill using the arcane reconciliation process.
Taxes June 11, 2025
The former presidential advisor recently slammed the president’s proposed spending bill claiming it will balloon the deficit. Turns out, most Americans agree with his critique, new polling reveals.
Taxes June 9, 2025
The 1,037-page bill is chock full of increased spending for border security and the military, but the biggest ticket items are sweeping tax cuts that Republicans say will boost the economy.
Taxes June 6, 2025
The current feud between President Donald Trump and Elon Musk is increasing pressure on the White House over its signature legislation known as the “One Big Beautiful Bill Act”—a bill under intense scrutiny in the Senate.
State and Local Taxes June 6, 2025
Senate Majority Leader John Thune (R-SD) has suggested the upper chamber will have to make some changes to the massive tax breaks and spending package passed by the House—including to the SALT cap.
Taxes June 5, 2025
The president hit back at the Tesla CEO over his criticism of Republicans' massive budget proposal, suggesting the tech mogul is primarily upset over provisions that slash government support for electric vehicles.
Taxes June 4, 2025
The former presidential advisor stepped up his fight against the One Big Beautiful Bill Act on June 4, calling on Americans to pressure their representatives in Washington to “kill” the legislation.
Taxes June 4, 2025
If President Donald Trump’s “big, beautiful bill” passes, taxes will be cut by roughly $3.75 trillion but it will add $2.4 trillion to the overall deficit over the next decade, according to a new report from the Congressional Budget Office.
Taxes June 4, 2025
Republican congressional leaders pushed back Wednesday on Elon Musk’s harsh criticism of President Trump’s signature budget bill as a fiscally dangerous “disgusting abomination.”
Taxes June 4, 2025
The House kept some tax credit incentives for new nuclear projects in its tax break and immigration megabill because the industry would die out without them, said U.S. Rep. Chuck Fleischmann (R-TN).